Matthews 6 20 Foundation
Matthews 6 20 Foundation shows recent revenue growth but long-term asset decline with no officer compensation.
EIN: 204258300 · Colorado Spgs, CO · NTEE: X11 · Updated: 2026-03-28
Is Matthews 6 20 Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Matthews 6 20 Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Matthews 6 20 Foundation
Matthews 6 20 Foundation (EIN: 204258300) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code X11. The organization reported total revenue of $281K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matthews 6 20 Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matthews 6 20 Foundation is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 86.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $646K |
| Total Expenses | $543K |
| Surplus / Deficit | +$103K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 16.0% |
| Months of Reserves | 23.8 months |
Financial Health Grade: A
In 2023, Matthews 6 20 Foundation reported a surplus of $103K with revenue exceeding expenses, holds 23.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Matthews 6 20 Foundation's revenue has grown at a compound annual growth rate (CAGR) of 86.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.0% | +25.9% | +10.6% |
| 2022 | +83.0% | +94.0% | -0.6% |
| 2021 | +336.5% | +38.0% | +1.0% |
| 2019 | -100.0% | +1.7% | -36.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Matthews 6 20 Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Matthews 6 20 Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $103K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with over $1 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Matthews 6 20 Foundation's IRS 990 filings:
- Significant long-term decline in assets (from $3M to $1M over 8 years)
- Highly volatile revenue stream, including years with $0 revenue
- Expenses frequently exceeding revenue, leading to asset drawdowns
Strengths
The following positive indicators were identified for Matthews 6 20 Foundation:
- Consistent 0% officer compensation, indicating high efficiency in executive pay
- Consistently low or zero liabilities, demonstrating strong financial solvency
- Recent significant revenue growth in the latest filing (202312)
- Strong asset base relative to annual expenses, providing a buffer
Frequently Asked Questions about Matthews 6 20 Foundation
Is Matthews 6 20 Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Matthews 6 20 Foundation (EIN: 204258300) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Matthews 6 20 Foundation spend its money?
Matthews 6 20 Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Matthews 6 20 Foundation tax-deductible?
Matthews 6 20 Foundation is registered as a tax-exempt nonprofit (EIN: 204258300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific programmatic work of Matthews 6 20 Foundation?
The NTEE code X11 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations - Private Grantmaking Foundations'. This suggests the organization primarily provides grants to other entities, but specific program details are not available in the provided data.
Why have the organization's assets declined significantly over the past decade?
Assets decreased from $3,007,418 in 201512 to $1,077,698 in 202312. This could be due to consistent spending exceeding revenue, investment losses, or significant grantmaking activities that drew down the principal, especially during years with low revenue and high expenses (e.g., 201912, 201812).
How does the organization sustain operations during years of very low or zero revenue?
In years like 201912 ($0 revenue, $629,468 expenses) and 201812 ($9,791 revenue, $618,865 expenses), the organization appears to have covered expenses by drawing down its assets, which is consistent with the observed long-term asset decline.
What is the source of the recent revenue growth?
Revenue increased from $425,032 in 202212 to $646,157 in 202312. The specific sources (e.g., donations, investment income, grants) are not detailed in the provided summary but would be crucial for understanding the sustainability of this growth.
Filing History
IRS 990 filing history for Matthews 6 20 Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Matthews 6 20 Foundation's revenue has grown by 172208.5%, moving from $375 to $646K. Total assets decreased by 6.7% over the same period, from $1.2M to $1.1M. Total functional expenses fell by 67.6%, from $1.7M to $543K. In its most recent filing year (2023), Matthews 6 20 Foundation reported a surplus of $103K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $646K | $543K | $1.1M | $0 | — | — |
| 2022 | $425K | $431K | $974K | $0 | — | — |
| 2021 | $232K | $222K | $981K | $0 | — | View 990 |
| 2020 | $53K | $161K | $971K | $0 | — | View 990 |
| 2019 | $0 | $629K | $1.1M | $7K | — | View 990 |
| 2018 | $10K | $619K | $1.7M | $0 | — | View 990 |
| 2017 | $441K | $631K | $2.3M | $0 | — | View 990 |
| 2016 | $30K | $525K | $2.5M | $1 | — | View 990 |
| 2015 | $832K | $751K | $3.0M | $4K | — | View 990 |
| 2014 | $326K | $385K | $2.9M | $4K | — | View 990 |
| 2013 | $1.7M | $1.7M | $3.0M | $4K | — | View 990 |
| 2012 | $3.0M | $1.6M | $2.9M | $0 | — | View 990 |
| 2011 | $375 | $1.7M | $1.2M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $646K, expenses of $543K, and assets of $1.1M (revenue +52.0% year-over-year).
- 2022: Revenue of $425K, expenses of $431K, and assets of $974K (revenue +83.0% year-over-year).
- 2021: Revenue of $232K, expenses of $222K, and assets of $981K (revenue +336.5% year-over-year).
- 2020: Revenue of $53K, expenses of $161K, and assets of $971K.
- 2019: Revenue of $0, expenses of $629K, and assets of $1.1M (revenue -100.0% year-over-year).
- 2018: Revenue of $10K, expenses of $619K, and assets of $1.7M (revenue -97.8% year-over-year).
- 2017: Revenue of $441K, expenses of $631K, and assets of $2.3M (revenue +1386.0% year-over-year).
- 2016: Revenue of $30K, expenses of $525K, and assets of $2.5M (revenue -96.4% year-over-year).
- 2015: Revenue of $832K, expenses of $751K, and assets of $3.0M (revenue +155.3% year-over-year).
- 2014: Revenue of $326K, expenses of $385K, and assets of $2.9M (revenue -81.1% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $3.0M (revenue -43.2% year-over-year).
- 2012: Revenue of $3.0M, expenses of $1.6M, and assets of $2.9M (revenue +806853.3% year-over-year).
- 2011: Revenue of $375, expenses of $1.7M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matthews 6 20 Foundation:
Data Sources and Methodology
This transparency report for Matthews 6 20 Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.